All Forum Posts by: Bo A Vanecko

Thx @John Warren!

Numbers are looking good. We estimated very conservatively so hoping to come out much better

All quick post as I’m traveling but a deal may have fallen in my lap 

4plex. 162K purchase. 80K reno. 

Total rent 3-3500K per month. 

Wondering as it's a 4plex is brrrr strategy a possibility? Any reason it wouldn't if ARV is low 300's?

Is it harder to convert to conventional if it’s a multi fam?

Thoughts?

Are you asking if you had a certain payment and 30 year loan certain rate certain down etc. what the purchase price would have to be?

basically the "PMT" or payment calculation essentially has all this in it... so in your case you want to calculate Present Value...so =pv(rate....etc) with fv still 0 i assume...  that should give you the "loan" amount...then you need to divide that by the percent down payment to get the total purchase...

I'd argue bitcoin is more "real" than our current currency.  Once we left the gold standard..money became fiat...  

that said, investing in bitcoin takes some stomach as the swings are huge.  but i personally feel as @Jesse M. mentions, this will be an important currency and could, if the fed doesnt have a hand in it, take out our current currency.  

many who buy bitcoin are also buying up large sums of gold, silver, platinum, and copper on the side as well as hedges against the current currency.  

this is a huge discussion in general and i for one like the idea of it but with limited resources now, id rather invest in real estate until i get some more income to move to bitcoin investing.

anyone ever do a BRRRR OOS? Curious how it was approached considering the lack of ability to regularly visit and monitor progress. I have contacts who will take on the management of the project to aid in monitoring etc but I'd like to hear if anyone has stories on their BRRRR OOS to help me learn some perspectives I may not have thought about.

Or is it simply just not a good idea?

Thoughts?!

@austin 

@Austin Hendrickson if you dont mind, could you DM me as well?  i am looking at a few partnerships right now and am simply gathering some data on how to set up partnerships :)

thanks

Bo Vanecko

I too am considering them.  Any input from either of you on how it went and cost structure?

thanks,

Bo

I have mentioned in a previous post that i have an investor (current consultant at company i work for in CO) in Texas interested in helping me secure my first purchase(s) in the Fort Worth are (C class homes in areas that likely have gentrification happening).  He has a company set up and his wife is a real estate professional and they are basically doing much of the leg work to pick a good deal for me and in return have offered up a 6% management fee to manage these OOS properties. 

As i have narrowed in on a few homes, another item has come to the table that is definitely interesting.  Here are the two options i am currently presented with:

1) buy one or two SFH's with the capital i currently have and get around 15-20% (or better) CoC returns on these and around 300-500 cash flow monthly

2)  Go in on partnering with this colleague / investor on some new builds:  

--> background is he purchase 10 lots of land in various areas of FW at substantial discounts to their current value. he can now build on these and a finished product could easily see 400-600 cash flow and 25-35% CoC

-->  he has his eyes on about 5-10 other lands and wants to free up his capital on these lots and also has lined up new construction loans as well

So the question is, would it be better in the beginning to utilize my capital in one or two SFH's now or potentially go in on three new builds where the risks are obviously on the length to build etc and no cash flow until rented out etc?

the other question is are there any recommendations on lawyer to help me set up a contract for these partnerships (i am assuming some type of LLC or LP type arrangement)?

would love to hear peoples thoughts on either option :)  

as a long term goal, we are looking to get these homes going and either keeping or selling interest in them down the line as we want to begin buying larger multi-plex units (nearly scored a 20 unit recently but the owner would not budge on price and the price did not quite make sense).

This is a great post.....  i was listening a bit ...but need to read to fully understand....thanks for sharing the PDF...

BTW all...  just spoke with investor...  what he was offering was to mentor me and also provide me some passive income for a term.  it was actually much more simple than I was making it out to be.

essentially....am i interested in parking some cash and in return getting a 10% passive return for x years....  at which point i would get my initial investment out.  not unlike a bond...  pretty straight forward...

i of course was taking it a bit further looking for some stake in the property ..LOL... 

so i guess the question to me is what passive return on my money would i be willing to take to park some cash outside stocks, bonds, and other investment vehicles....